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Tuesday, September 8, 2009

"The United States accounted for more than two-thirds of foreign weapons sales in 2008, a year in which global sales were at a three-year low, The New York Times reported on Sunday. Citing a congressional study released on Friday, the Times said the United States was involved in 68.4 percent of the global sales of arms."

"Italy, the second ranked country, amassed only $3.7 billion in arms sales, while Russia ranked third with sales falling to $3.5 billion in 2008, down from $10.8 billion in 2007."

"Such deals with the developing world included a $6.5 billion air defense system for the United Arab Emirates, a $2.1 billion jet fighter for Morocco and a $2 billion attack helicopter for Taiwan."

"India, Iraq, Saudi Arabia, Egypt, South Korea and Brazil also reached weapons deals with the United States, the Times said. The report revealed the United Arab Emirates was the top buyer of arms in the developing world with $9.7 billion in arms purchases in 2008."

"Saudi Arabia ranked second with $8.7 billion in weapons agreements, and Morocco was third with $5.4 billion in deals."